Launches sales in the North-West Krasnogorsky area

PIK GROUP ("The Group" or "PIK")

PIK Group launches sales for a new residential project in the Moscow region

Moscow, March 13 2013 - PIK Group has launched sales for its new residential project Putilkovo in the prestigious North-West Krasnogorsky area of Moscow Region. The district is easy to access by public transport from the nearest metro stations (Rechnoy Vokzal, Planernaya and Tushinskaya) and the project is located only 500 meters away from the MKAD (Moscow Ring Road). Sales have been launched of apartments with a total area from 43 to 84 sq. m in residential buildings №37 and №38.

Putilkovo is a part of a large-scale residential complex development with social and commercial infrastructure, located on a ​​58 hectare site where PIK holds 39,600 square meters. The project will comprise three residential buildings, including the latest modern design KOPE-M PARUS residential housing buildings. KOPE-M PARUS buildings offer more comfortable living space, meet the latest safety regulations and use new energy saving exterior wall panels, window units and temperature control systems.

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About PIK-Group

PIK-Group is a leading Russian real estate developer, focusing on large-scale residential projects within the Moscow Metropolitan Area and selected Russian regions. Since its foundation in 1994, PIK-Group has become a market leader in mass market residential property sector completing over 200 000 apartments of affordable housing across the country. The Group has a substantial diversified land bank of net selling area of 6.9 million square meters and a dedicated professional team with over 12,000 employees. Given its brand recognition and the scale of its operations, in 2008 the Russian Government included PIK on the list of the nation's strategically important companies. For more information please visit: http://www.pik-group.com 

Enquiries:

Investors

PIK Group Tel: +7 495 505 97 33 ext. 1358 / 1315

Viktor Szalkay

Media

Natalia Ivanova Tel: +7 495 505 97 33 ext. 1010 /1014

Citigate Dewe Rogerson Tel: +44 20 7638 9571

Tom Baldock

Priscilla Garcia